After roughly one year and nine months, Powell Valley Healthcare is effectively out of bankruptcy. A judge recently approved a plan of reorganization which resolves a litany of medical malpractice lawsuits that prompted Powell Valley Healthcare to declare Chapter 11 bankruptcy in May 2016. The plan went into effect on Thursday. While some final steps are still pending, leaders of the organization say they’re glad the case is generally over. “... The best part is that we get to move forward now positively and do some things that will just be better for the hospital, for patients — do some good stuff now,” Deb Kleinfeldt, a member of the Powell Valley Healthcare board of trustees, said last month. “We’re moving forward,” added CEO Terry Odom. “We’re...
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Powell Valley Healthcare coming out of bankruptcy